Big Blue University has a fiscal year that ends on June 30. The 2019 summer session of the university runs from June 7 through July 27. Total tuition paid by students for the summer session amounted to $111,000. Required: a. How much revenue should be reflected in the fiscal year ended June 30, 2019

The amount of revenue that should be reflected in the fiscal year ended June 30, 2019 is $52,235.29.

Explanation:

Number of days from June 7 to June 30 = 30 - 6 = 24 days

Number of days from July 1 to July 27 = 27 days

Total number of days for the summer session = Number of days from June 7 to June 30 + Number of days from July 1 to July 27 = 24 + 27 = 51

Total tuition paid for the summer session = $111,000

Amount to be reflected in the fiscal year ended June 30 = (Number of days from June 7 to June 30 / Total number of days for the summer session) * Total tuition paid for the summer session = (24 / 51) * $111,000 = $52,235.29

Therefore, the amount of revenue that should be reflected in the fiscal year ended June 30, 2019 is $52,235.29.

2,283,000

explanation:

i just had to add it

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